Perk Labs Inc. Provides Update on Management Cease Trade Order Status

Perk Labs Inc., a company listed on several exchanges including CSE:PERK, announced an update on their management cease trade order (MCTO) status, initially granted on April 3, 2024, by the British Columbia Securities Commission. This voluntary MCTO directly stems from their request for additional time to file their audited annual financial statements for the year ending November 30, 2023.

The MCTO restricts trading by the company’s CEO and CFO but does not extend to other shareholders. Perk Labs has committed to completing the necessary filings by May 31, 2024, working closely with their auditors. Since the announcement of the MCTO, the company asserts no significant undisclosed material changes or defaults under National Policy 12-203.

While addressing these compliance issues, Perk Labs will keep the market informed by issuing bi-weekly default status reports until they resolve the filing requirements. The company remains under the scrutiny of regulatory guidelines but anticipates rectifying the delays in the stipulated time frame.